Inflation isn’t just about fuel costs anymore, as price increases broaden across the economy


A person shops in a supermarket as inflation affected consumer prices in New York City, June 10, 2022.

Andrew Kelly | Reuters

For the better part of a year, the inflation narrative among many economists and policymakers was that it was essentially a food and fuel problem. Once supply chains eased and gas prices abated, the thinking went, that would help lower food costs and in turn ease price pressures across the economy.

August’s consumer price index numbers, however, tested that narrative severely, with broadening increases indicating now that inflation could be more persistent and entrenched than previously thought.


0 0 votes
Article Rating

Why Toyota – the world’s largest automaker – isn’t all-in on EVs

Previous article

Chrysler to end 300 sedan line after limited edition V-8 model rollout

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy